The Traderszone Network

Published in TZ Latest News 15 March, 2015 by The TZ Newswire Staff

Is US Dollar Carry Trade a Menopause in the Currency Markets?

By Chris at www.CapitalistExploits.at

I had taken my then life savings earned from a job pushing shopping trolleys at the supermarket, and sent them overseas with a friend.

I was 16 years of age and my life aspiration was to travel the world. I’d figured out that to do so I’d be needing (strong) foreign currency. My friend banked my money in Australian dollars and this was to be my very first major currency trade. I was long AUD/ZAR – a great trade for me over the following few years.

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